NEW DELHI: TVS Motor Company on Thursday reported a consolidated net profit of Rs 305.37 crore for the first quarter of the financial year 2022-23 (Q1FY23). It has posted a loss of Rs 10.55 crore during the same period of FY22.
The Chennai-based two- and three-wheeler major’s revenue from operations was seen at Rs 7,315.7 crore, up 56% from Rs 4,689.34 crore during the same period the previous financial year. On a standalone basis, the company posted a profit after tax of `321 crore as against Rs 53 crore during the first quarter of 2021-22. It posted an EBITDA of Rs 599 crore for FY23 as against Rs 274 crore in FY22.